#ETH

Ethereum (ETH) General Trend:

Short term (1-4 weeks):

Trend: Bullish conditional on stability above the $3,400 support level.

Key levels:

Support: $3,400.

Resistance: $3,600, followed by $3,800.

Technical indicators:

RSI: Close to 70 (overbought, possible correction soon).

MACD: Bullish crossover supports the continuation of the uptrend.

Recommendation:

Buy on a clear break of $3,600 and target $3,800, with a stop loss at $3,400.

Long term (3-12 months):

Trend: Positive as long as the price remains above the 200-day moving average (SMA-200).

Key levels:

Long-term support: $3,200.

Long-term resistance: $4,000.

Recommendation:

Hold open positions with gradual buying on any pullback towards $3,200, targeting $4,000 or higher.

Summary:

Near-term: Upward momentum with a slight correction potential.

Long-term: The trend is positive with growth opportunities especially with the support of technical updates and increased reliance on the Ethereum network.